The Nigerian Stock Exchange opened for the week on Monday still on a bearish trend, amid sell pressure and delisting of Newrest ASL from three official list.
This followed the delisting of Newrest ASL 634 million entire share capital from the daily official list of the Exchange. “All sector indices closed in red led by the Financial services sector on massive sell-offs. We expect further moderation of the ASI to be diluted by value investors position for long term.”Neimeth International Pharmaceuticals and Okomu Oil recorded the highest price gain of 10 per cent, each to close at 55k and N77, respectively.Africa Prudential appreciated by 7.91 per cent to close at N3.82, while Japaul Oil & Maritime Services went up by 7.69 per cent to close at 28k, per share.